A record price for Woolies shares today with the market sending them up to a high of $32.50 after the ACCC blocked the giant from buying Kmart and Officeworks from Coles, if those chains came on the market, writes Glenn Dyer.

The penultimate chapter in the sad recent history of Coles was played out this morning. Coles announced their last financial results as an independent retailer. A quiet little affair was arranged for the event. CEO John Fletcher, COO Mick McMahon and Chair Rick Allert delivered their final results to a phone hook up and Internet broadcast, electing not to eyeball pesky investors, writes Rob Lake.

A PEP talk? As well as TPG still circling Coles, Pacific Equity Partners have had several meetings with Wesfarmers regarding Kmart. The word is that PEP are trying to merge the Warehouse Group from NZ with Kmart. Defence contractors and racial discrimination exemptions. A friend of mine who had been working at Tidbinbilla lost his […]